Trade: GBPUSD Price Failed to Break Resistance

Price quickly jumped from weekly lows last week to best resistance has seen in the chart, only to quickly fall back to the downside.


GBPUSD Price Failed to Break Resistance by EmpowerTrader on TradingView.com

Strategy:

Scenario One: Price jumps up to test resistance again. 

Scenario Two: Price falls back down the following support levels.